Match each item with the correct statement below.
-A pricing technique that is used to determine the number of products that must be sold at a specified price to generate enough revenue to cover total cost is known as _____.
A)breakeven analysis
B)tariffs
C)unfair-trade laws
D)incremental-cost pricing
E)profit maximization
F)demand
G)value pricing
H)monopoly
I)elasticity
J)marginal
K)fair-trade laws
L)yield management
M)oligopoly
N)cost-plus pricing
O)full-cost pricing
P)supply
Q)marginal analysis
R)target-return objectives
S)market-share objectives
T)pure competition

Question

Quizplus · Accepted Answer

Breakeven analysis is used to calculate the point at which total revenue will equal total cost.

Answer: N
 Cost-plus pricing involves adding a markup to the cost of producing a product in order to determine the selling price.

Answer: O
 Full-cost pricing involves setting a price that covers all of the costs associated with producing a product, including both fixed and variable costs.

Answer: R
 Target-return objectives involve setting prices that will allow a company to achieve a specific level of profit.

Answer: S
 Market-share objectives involve setting prices that will allow a company to capture a specific percentage of the total market for a particular product or service.

Match Each Item with the Correct Statement Below